Employees Provident Fund Organisation

March 2, 2026 5:14 PM

EPFO retains 8.25% interest rate on PF deposits for 2025-26

The Employees' Provident Fund Organisation (EPFO) on Monday approved an interest rate of 8.25 per cent on Employees’ Provident Fund (EPF) deposits for 2025-26, retaining the same rate for the second consecutive year, according to an official statement. The decision was taken at the 239th meeting of the Central Board of Trustees (CBT) held in New Delhi and chaired by Union Labour and Employment Minister Mansukh Mandaviya. The meeting was attended by Minister of State Shobha Karandlaje, Labour ...

February 3, 2026 4:14 PM

EPFO welcomes alignment of income tax rules for provident funds in Union Budget

The Employees’ Provident Fund Organisation (EPFO) has welcomed the rationalisation of the income tax framework governing recognised provident funds announced in the Union Budget 2026-27, saying the move will bring much-needed clarity, reduce litigation, and better serve stakeholders. Under the existing system, recognised provident funds are governed by Schedule XI of the Income Tax Act, 2025, while exemptions and operational provisions are regulated under the Employees’ Provident Funds and ...

September 23, 2025 3:08 PM

EPFO adds 21.04 lakh net members in July 2025

The Employees' Provident Fund Organisation (EPFO) has reported a net addition of 21.04 lakh members in July 2025, according to its latest provisional payroll data. The figures reflect a 5.55% year-on-year growth compared to July 2024, signaling stronger employment generation and greater awareness of social security benefits. Youth Dominate New Enrollments A significant 61.06% of new subscribers belong to the 18–25 age group, with 5.98 lakh first-time enrollees in this category during the mon...

July 25, 2025 4:34 PM

Centre to roll out employment incentive scheme from Aug 1, targets 3.5 crore jobs in two years

The Government’s Employment Linked Incentive Scheme, recently approved by the Union Cabinet, will come into effect from August 1. With a significant outlay of ₹99,446 crore, PM Viksit Bharat Rozgar Yojana (PM-VBRY) is expected to generate over 3.5 crore jobs across sectors in the next two years. Out of these, 1.92 crore beneficiaries are projected to be first-time entrants into the formal workforce. The scheme will be applicable to all eligible jobs created between August 1, 2025, and July ...

June 23, 2025 11:16 AM

EPFO registers over 19 lakh net members in April

The Employees' Provident Fund Organisation (EPFO) on Sunday reported a net addition of 19.14 lakh members in April 2025, reflecting a strong momentum in formal sector employment. The latest payroll data released by the Ministry of Labour and Employment indicates a noticeable rise in workforce participation, particularly among the youth. According to the provisional figures, around 8.49 lakh new members enrolled with the EPFO during the month of April. This marks an increase of 12.5 percent comp...

June 16, 2025 3:53 PM

EPFO cautions members against unauthorised agents, urges use of free online services

The Employees' Provident Fund Organisation (EPFO) has cautioned its members against approaching unauthorised agents for EPFO-related services, warning that doing so could expose their personal and financial information to third-party entities. “These external entities are not authorized by EPFO and may charge unnecessary fees or compromise the security of personal information of members,” the organisation said in a statement, adding that all EPFO services are free and accessible online. Th...

March 17, 2025 4:53 PM

EPFO registers record 2.16 crore auto claim settlements in FY25

The Employees’ Provident Fund Organisation (EPFO) has implemented several measures to streamline the claim settlement process, processing 2.16 crore auto claims in the current financial year up to March 6, 2025. This marks a significant increase from the 89.52 lakh claims settled in FY 2023-24, the Parliament was informed on Monday. Union Minister of State for Labour and Employment, Shobha Karandlaje, stated in a written reply in the Lok Sabha that the limit for auto-mode processing of advanc...